5. ACCOUNTS PAYABLE AND ACCRUED EXPENSES

12 Months Ended

Jun. 30, 2014

Payables and Accruals [Abstract]

5. ACCOUNTS PAYABLE AND ACCRUED EXPENSES

A summary of accounts payable and accrued expenses as of June 30, 2014 and 2013 follows:

	2014		2013
Accounts Payable	$	822,006	$	597,079
Accrued Interest		74,483		50,725
Deferred Revenue		3,500		24,182
Other Accrued Expenses		129,556		156,036
Consulting Services-Related Party		278,568		167,659
Total	$	1,308,113	$	995,681

Other accrued expenses consist primarily of accrued payroll liabilities, consulting fees payable and other fees payable.